Stock price when the opinion was issued
One of the few good projects out there, that offers a relatively low CapX to build. A high grade oxide deposit, which is a heap leach process that he had real concerns with initially that far north. He went through this with their technical expert in a lot of detail, and it will leach. Infrastructure is a bit of an issue, but he thinks it can be dealt with. A good project and something you can accumulate at this price.
Made a discovery in the Yukon, the Coffee deposit. It is a high grade deposit relative to other heap/leach deposits. A very robust deposit with about a 40% IRR. At some point, he expects another company is going to come in and buy this.